Current Events > Overall about how much has the stock market plummetted?

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malenz
03/01/20 9:59:50 PM
#1:


Like cut in half or what?
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Irony
03/01/20 10:01:19 PM
#2:


A lot

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malenz
03/01/20 10:03:13 PM
#3:


Irony posted...
A lot
what percentage
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Fossil
03/01/20 10:03:46 PM
#4:


many percents
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malenz
03/01/20 10:04:40 PM
#5:


gaius pls
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Tired-Insomniac
03/01/20 10:04:45 PM
#6:


Last Friday my 401k was about $12300

This past Friday it was at like $11009

Preparing for it to be near 9k when I check it tomorrow

Good thing I'm only 27 but I feel bad for anyone retiring soon

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The Popo
03/01/20 10:11:43 PM
#7:


The Dow Jones Industrial Average was previously right around an all time high, 29,500. It closed on Friday at 25,400. So down about 13% from that all-time high.

Basically wiped out the gains from the last year, but its still high as a whole. Here are charts showing the last year, 5 years, and 30 years:



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malenz
03/01/20 10:13:52 PM
#8:


oh that's not as bad as I thought thanks
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theAteam
03/01/20 10:18:17 PM
#9:


We went through a pretty similar drop in December 2018. Everyone thought those were the end times but then it rebounded in January.

But if it keeps going we'll surpass that.

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SK8T3R215
03/01/20 10:18:20 PM
#10:


You know you could look this up yourself right...

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ssjevot
03/01/20 10:24:30 PM
#11:


malenz posted...
oh that's not as bad as I thought thanks

I mean losing 2 years of gains is pretty bad. It all depends on when you put in and when you plan to take out. Most of us are young and assuming we're primarily invested in an IRA, it's no big deal long term. But imagine you were older and about to retire and you just lost 10% of your IRA. That's a bad time. You might be forced to work longer.

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Supernatural
03/01/20 10:24:59 PM
#12:


people saying a lot are very helpful

thank you for posting in this topic

you brought great insight

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malenz
03/01/20 10:44:02 PM
#13:


Supernatural posted...
people saying a lot are very helpful

thank you for posting in this topic

you brought great insight
hehe
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JuanCarlos1
03/01/20 10:49:48 PM
#14:


Is this the bottom though? And would Bernie winning be even worse for the stock market than the corona virus? Yea, good thing we're young but I foresee a rocky year for stocks.

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whitelytning
03/01/20 11:05:31 PM
#15:


JuanCarlos1 posted...
Is this the bottom though? And would Bernie winning be even worse for the stock market than the corona virus? Yea, good thing we're young but I foresee a rocky year for stocks.

Most people do not think its the bottom. The big difference in opinion comes in how low it will go. There are some expectations that we will see a little bit of rebound next week but overall it will be down for the near future.

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